Amcor, Cadbury closing in on settlement?

  • July 22, 2009
  • Daniel Palmer

Confectioner Cadbury is currently discussing the possibility of a multi-million dollar out-of-court settlement with Amcor, according to a report in The Age.

Cadbury, one of the largest customers of Amcor, initiated a $235.8 million claim against the packaging giant for allegedly paying higher prices for cardboard boxes, cans and PET products as a result of collusion between packaging heavyweights Visy and Amcor. The claim was first filed in December 2006, but only made it to the courts for the first time today.

The federal court in Melbourne heard this morning that the two firms were currently in negotiations that “may or may not lead to a resolution of the matter”, according to Will Houghton QC – Counsel for Cadbury.

The case has now been postponed until 2.15pm, offering both parties the opportunity to reach a suitable settlement.


Bookmarks

  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Fark
  • Propeller
  • Slashdot
  • StumbleUpon
  • Technorati

Reader Comments

Australian Food News reserves the right to edit or not publish comments of a potentially offensive or defamatory nature. Comments will not be published if name and email address has not been provided (name and email will be withheld if requested).

The opinions expressed below are those of Australian Food News readers and do not necessarily reflect those of Australian Food News.